Rhumbline Advisers Has $1.15 Million Stake in FTAI Infrastructure Inc. (NASDAQ:FIP)

Rhumbline Advisers grew its stake in FTAI Infrastructure Inc. (NASDAQ:FIP) by 1.4% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 158,513 shares of the company’s stock after buying an additional 2,141 shares during the period. Rhumbline Advisers owned approximately 0.14% of FTAI Infrastructure worth $1,151,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in FIP. Wilmington Savings Fund Society FSB bought a new stake in shares of FTAI Infrastructure during the 3rd quarter worth $34,000. US Bancorp DE acquired a new position in FTAI Infrastructure during the 3rd quarter worth $52,000. Cladis Investment Advisory LLC bought a new stake in FTAI Infrastructure during the third quarter valued at about $94,000. Castellan Group acquired a new stake in shares of FTAI Infrastructure in the fourth quarter valued at about $96,000. Finally, International Assets Investment Management LLC increased its stake in shares of FTAI Infrastructure by 836.0% in the third quarter. International Assets Investment Management LLC now owns 15,182 shares of the company’s stock worth $142,000 after purchasing an additional 13,560 shares during the period. Institutional investors and hedge funds own 87.43% of the company’s stock.

FTAI Infrastructure Price Performance

NASDAQ FIP opened at $5.12 on Thursday. The stock has a market capitalization of $582.37 million, a PE ratio of -2.59 and a beta of 1.44. The stock has a 50-day simple moving average of $6.85 and a 200 day simple moving average of $8.11. The company has a debt-to-equity ratio of 6.07, a quick ratio of 1.42 and a current ratio of 1.42. FTAI Infrastructure Inc. has a twelve month low of $4.88 and a twelve month high of $10.45.

FTAI Infrastructure Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 26th. Stockholders of record on Friday, March 14th will be issued a dividend of $0.03 per share. The ex-dividend date is Friday, March 14th. This represents a $0.12 dividend on an annualized basis and a dividend yield of 2.34%. FTAI Infrastructure’s dividend payout ratio (DPR) is presently -4.36%.

About FTAI Infrastructure

FTAI Infrastructure Inc focuses on acquiring, developing, and operating assets and businesses that represent infrastructure for customers in the transportation, energy, and industrial products industries in North America. The company operates through five segments: Railroad, Jefferson Terminal, Repauno, Power and Gas, and Sustainability and Energy Transition.